Given five Real-life Applications of Hypergeometric Distribution with examples?
also give graphical representation of hypergeometric distribution with example.
The hypergeometric distribution is a probability distribution
that’s very similar to the binomial distribution. In fact, the
binomial distribution is a very good approximation of the
hypergeometric distribution as long as you are sampling 5% or less
of the population.
Therefore, in order to understand the hypergeometric distribution,
you should be very familiar with the binomial distribution. Uses:
1. Any time census information is available and you are doing
random draws without replacement, the hypergeometric distribution
can be very helpful
2. Decision making: very applicable in decision making
3. It's very similar to binomial distributions
4. it often is employed in random sampling for statistical quality control.
5.The hypergeometric distribution is used to model the probability of occurrence of events that can be classified into one of two groups
A good example of it's graphical representation is binomial distribution curve.
Given five Real-life Applications of Hypergeometric Distribution with examples? also give graphical representation of hypergeometric distribution...
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